PANews reported on April 21 that, according to Cointelegraph, Malaysian digital asset exchange Hata has completed an $8 million Series A funding round, led by Bybit, with participation from several global family offices. Bybit had previously participated in Hata's $4.2 million seed round.

Hata holds licenses from the Securities Commission of Malaysia and the Labuan Financial Services Authority, allowing it to provide digital asset trading and custody services in the country. Since its launch in 2023, Hata has amassed over 209,000 registered users and achieved a trading volume of RM1.04 billion (approximately US$225 million) in 2025.